Market Conditions

The assessment of market conditions as defined by Trade Ideas is the second in a set of specific skills that form trading mechanics, much like the coordinated skills and steps involved in a baseball or golf swing.  Assessing market conditions is the process of evaluating whether the market is trending, rangebound, volatile, or slow.  The assessment of market conditions ensures that the trade idea is appropriate for the present market.

Using Trade Ideas an individual is able to consider ideas conditionally based on the market’s direction.  For example a trader may decide to only look at new 30 day highs if and only if the S&P and/or NASDAQ are up for the day or over the last 15 minutes.